Talent Acquisition Analytics _ What, Why, And How - WalkWater Talent

Talent Acquisition Analytics – What, Why, And How When you are looking for hiring candidates for your company, you need to take the right decisions, or else you may land yourself into a mess. This is where talent acquisition analytics can help. This blog will help you know what talent acquisition analytics is and how you can take advantage of it.

What is talent acquisition analytics?

Unlike a regular hiring process, talent acquisition analytics is a process wherein companies hire candidates, while having their strategic goals in mind. It isn't a simple process of filling in the skills gap required in an organization. Instead, it involves hiring candidates while keeping the business culture in mind, and the goals that need to be achieved in the future. It emphasizes on developing tactical HR analytics and a data-driven recruiting approach to acquire the right talent.

By using a wide range of data and insights, the right candidates are identified to fill talent and skill gaps.

How is talent acquisition analytics useful?

Talent acquisition analytics is used to improve recruitment and candidate experience. Let us take a look at the three key benefits of talent acquisition analytics. ✓ It predicts candidate success – Analytics can help predict a job applicant’s future performance. Companies can pinpoint what a successful employee looks like, and develop a candidate persona that suits. This way, similar characteristics, activities, and experience can be found. ✓ It targets job candidates – Analytics can help recruiters identify the right types of candidates, find them, and connect with them quickly. Once the specific skills and characteristics are targeted, data can be used to figure out where that group is. Using this information, a job ad can be posted where the target candidates can see it. ✓ It eliminates bias – Analytics eliminates all forms of biases in terms of gender, age, or race, which otherwise hiring managers may have. Instead, analytics only brings the best candidate forward, irrespective of the age, gender, race, or any other aspect. Any kind of biases may bring a wrong decision forward; thus, with talent acquisition analytics, only the right decisions are made.

How to use talent acquisition analytics?

To take the best advantage of all the benefits that talent acquisition analytics has to offer, you need to keep a couple of things in mind. ✓ Use automation to the maximum – Many human tasks take up a lot of time.

So, you can automate your tasks as much as possible; for example, you can automate tasks like candidate screening, application tracking, and interview scheduling. ✓ Keep track of important KPIs – You must keep track of all important elements like market trends, workforce demographics, and hiring finances. Also analyze all sorts of information you need to analyze your organization’s human capital. ✓ Identify areas of improvement – Track your entire hiring process and find how you can manage your candidate pipeline better. Also determine the right platforms for sourcing candidates. The more data you gather, the more insight you’ll have into whether or not your current strategy for hiring is working or not.

There! You now know why and how you can use talent acquisition analytics to bring in the right candidate for the job. However, if all of the above seems too much for you to handle, you can always hire one of the leading talent acquisition companies in India, one like WalkWater Talent Advisors, who can team up all the tasks together to bring to you the best candidate for your organization.